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A NEW VALUE PROPOSITION IN WEALTH MANAGEMENT
Among mutual fund investors, The Vanguard Group is pretty much a household name. After all, its the world's largest no-load mutual fund company, managing more than $500 billion in assets. However, among trust and estate professionals, Vanguard is not yet widely known for its trust services.
But word is getting out that Vanguard has developed a strong capability in trust and asset management services.
"We're bringing to trust and wealth management services the same value proposition that Vanguard is known for in the mutual fund arena," says Michael Mara, Principal Vanguard Asset Management and Trust Services. "We're demonstrating that you can provide first-rate trust administration and asset management services at costs far below those that are typical."
"Estate attorneys mindful of their responsibility to provide the best estate-planning advice to clients like to make sure that...